Marriott Failed to Meet the Termination Threshold of 80% of Owner’s Priority Return through August Failure to Pay the Shortfall Will Trigger SVC Termination Rights NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC), or SVC, today sent a letter to Marriott International, Inc. (NYSE: MAR), or MAR, requesting MAR advance $11.0 million to cover the shortfall … [Read more...]

Sale Represents Key Milestone in Colony Capital’s Digital Transformation Colony Generates Significant Strategic and Financial Benefits on Exit From Hospitality Business LOS ANGELES--(BUSINESS WIRE)--Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital” or the “Company”) today announced it has entered into a definitive agreement to sell six of its hospitality portfolios to … [Read more...]

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Global Biorisk Advisory Council® (GBAC), a Division of ISSA, has awarded GBAC STAR™ accreditation to 57 new facilities this week. Montreal-Trudeau International Airport in Montreal, CenturyLink Field, home to the NFL's Seattle Seahawks, in Seattle, Lincoln Financial Field, home to the NFL's Philadelphia Eagles, in Philadelphia, additional … [Read more...]

Flight attendants on CEWS see income cut in half CALGARY, Alberta--(BUSINESS WIRE)--The Federal government announced yesterday it would extend the Canada Emergency Wage Subsidy (CEWS). At the same time, WestJet told employees their benefit would be cut as much as 53%, while the company waits for details of the criteria for payment from Ottawa. Their union is crying foul and … [Read more...]